Cemex Sees Demand for USD Floater

Mar 30, 2011

Investors placed $1.9bn in orders for $800m in floating rate bonds due 2015 issued by Cemex Tuesday, according to bankers on the deal. The Mexican cement maker went out Tuesday morning planning both a euro and USD portion, but opted just for the dollar piece after getting most of the demand for that part. The 2015 priced at 99.001 with a coupon of Libor plus 500bp...